Yangon, since 1989 the name for Rangoon Capital and chief port of Myanmar on the Yangon river, 32 km/20 mi from the Indian Ocean; population (1983) 2,459,000. Products include timber, oil, and rice. The city Dagon was founded on the site AD 746; it was given the name Rangoon (meaning `end of conflict') by King Alaungpaya 1755.